## Discussion

#### Q.

By selling a TV set for  ₹ 12000, a dealer makes a loss of $14\frac{2}{7}%$. At what price should he have sold it so as to get a profit of $7\frac{1}{7}%$?

 A. ₹ 13000 B. ₹ 14000 C. ₹ 15000 D. ₹ 16000

#### Explanation:

$14\frac{2}{7}%$ = $\frac{1}{7}$

Profit % and Loss % are given in fraction.

Hence, we take the CP = 1

Loss = $\frac{1}{7}$      SP = 1 - $\frac{1}{7}$$\frac{6}{7}$

Profit = $\frac{1}{14}$     SP = 1 + $\frac{1}{14}$$\frac{15}{14}$

As per the question,   $\frac{6}{7}$ =  12000

$\frac{15}{14}$ =